TexasTanFan

After a year of researching and analyzing every thing I can find on the tanning industry and now recently being notified by my employer of a layoff, it seems the opportunity to make my dream a reality is here. I'm a very energetic, organized, and hard working person, but I have to admit that I am somewhat overwhelmed! I have researched financing, business plans, start up locations, existing salons for sale, salon image, equipment mixes, pricing and marketing strategies, distributors, consultants, and it goes on....Before I can start putting it all together, I must decide the best options for me in financing the dream. I have some cash, own a house with a mortgage,and excellent credit. I am fully aware of the amount required to make it happen whether I find an existing salon or start up my own which is what I really want to do. I am considering a home equity line of credit, SBA loan, lease financing, and all the other options. Would anyone be willing to share what they did to make their dream a reality?

pam

I did it on home equity, a small bank loan and credit cards until I proved myself and could get business lines of credit and a SBA. You have done well to do lots of research...I didn't do nearly enough and still have some credit card debt to pay off but I am working on it. I just recently paid off a couple of loans and that feels GREAT!!

Good to have you here....Keep us posted on your progress!

Pam

sbtanning

Home equity is the way to go along with personal and credit moniees. Being new to the tanning business the SBA will have you jumping through hoops. Home equity and credit cards can be paid off quickly, and with your good credit you probably have credit card companies sending you a ton of low or even zero percent credit offers. Take them, don't necessarotly max them out, use one that has a low % rate until balance is paid off to purchase the salon, and the zero % until *.2005 to purchase supplies. The money is practically free, they are offering it and it is a lot less hastle than the SBA hoops.
The only question someone might ask is: is it worth risking your home on a tanning salon? Only you can decide that, but the SBA will want your home too!

TexasTanFan

I am still a few weeks out with my business plan being completed. I am speaking with two property developers/managers on two different locations to decide where I will end up with the better deal. Because the area is experiencing tremendous growth, I am worried about waiting too long to submit an intent to lease. Both are relatively the same area and I have studied the demographics and competition. Any advice here?

MJ

Randy and Lisa..
I recieved a PM from a fan..and responded ....in short. Don't call me dearest if you don't want me to check your closet for wire hangers.
Quote:LaDeDah

Posts: 28
From: Plymouth, Maine
Posted: 2004-03-17 19:48
--------------------------------------------------------------------------------
Dearest MJ,
I am not sure what a distie is, but from the "tone" of your response it appears to me that it was a mean dig. My sympathies to you. I am new here, not a spammer, I dislike SPAM and rude people. I love to assist people and was so excited to find this site; purely by accident I might add. If you happen to start getting SPAM related to Cinnamon Bay, I assure you I had nothing to do with it. Thank you for the extra attention, and again, I am sorry to hear such negativity from someone. I hope things get better for you and you feel better about yourself soon. I am not here to bicker or play immature games. I simply want to clear up your misinformation ~ Pam




LaDeDah's Profile | Reply
My original response was deleted..why?????
I do not know. The second evil was my response to brat like mods who made the final decision to censor me.

I remember to save that one.
Quote:I see censorship is still very much alive and well here. WHAT I SAID I HAD EVERY RIGHT TO SAY. Now no need to get your pals to warn me to death Cya! Until the coward that edited me can be seen...and states their reasons....I will not bother to visit here.

That was a clean post.... no ****, ***, *******, skrew, *****, tramp, ****, words were used. If words like 'disdain' and 'remedial' are comsidered "bad here. Then, Fhuck you people! In the future I will just reply (if at all) on Tanformation.com where the mods from CesorshipRus.com cannot evil eye my OPINION. Especially when this person called me out to play.

You guys can go back to watching grass grow or paint dry.
I will post a board free of anal retentive closed minded simpltons in charge of what is said or not said. Does it agree with the banners advertisers? Or will on a board where they cater to whining posters that bring the shiiit on themselves..and can't take it when you smack them back. I am getting really tired of cutting and pasting all my posts into word because certain people think the evil eye is their you play toy.
Buh Bye now.




PS I saved this post to..I guess censorship is alive and well here even without the brat. :eyeroll:

_________________

hereya go mods.... mods evil eye this......
Tight *** Jim...KMA and when and if I ever want your opinion..I will tell you what you are supposed to say. Got it?... good!